Arkanova Energy (Arkanova Energy) Effective Interest Rate on Debt %

: 6.03% (As of Sep. 2016)

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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Arkanova Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2016 was $0.90 Mil. Arkanova Energy's average total debt for the quarter that ended in Sep. 2016 was $14.98 Mil. Therefore, Arkanova Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2016 was 6.03%.

Arkanova Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Arkanova Energy's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Effective Interest Rate on Debt %

4.58

6.45

6.29

6.58

6.00

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Effective Interest Rate on Debt %																6.05	6.05	5.98	5.98	6.03

Competitive Comparison

For the Oil & Gas E&P subindustry, Arkanova Energy's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Arkanova Energy Effective Interest Rate on Debt % Distribution

For the Oil & Gas industry and Energy sector, Arkanova Energy's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Arkanova Energy's Effective Interest Rate on Debt % falls into.

Arkanova Energy Effective Interest Rate on Debt % Calculation

Arkanova Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2015 )	+	Total Debt (A: Sep. 2016 ))	/ count )
=	-1 * -0.9	/	( (15	+	14.98)	/ 2 )
=	-1 * -0.9	/	14.99
=	6.00 %

where

	Total Debt (A: Sep. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.98	+	0.02
=	15

	Total Debt (A: Sep. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.964	+	0.016
=	14.98

Arkanova Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2016 )	+	Total Debt (Q: Sep. 2016 ))	/ count )
=	-1 * -0.904	/	( (14.985	+	14.98)	/ 2 )
=	-1 * -0.904	/	14.9825
=	6.03 %

where

	Total Debt (Q: Jun. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	14.985
=	14.985

	Total Debt (Q: Sep. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.964	+	0.016
=	14.98

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Arkanova Energy (OTCPK:AKVA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Arkanova Energy Effective Interest Rate on Debt % Related Terms

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Arkanova Energy (Arkanova Energy) Business Description

Industry

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Traded in Other Exchanges

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Address

305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746

Website

http://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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